By David Olsen · 26 February 2010 · Locked
ANZ's first-quarter results have sent shockwaves through the financial sector, but not everyone is celebrating. What's behind the bank's 16% profit surge, and what does it mean for the economy?
ANZ has issued an official statement covering their first quarter results, reporting an underlying profit after tax of $1.6 billion for the four months to end-January. This was a 16 percent increase in profit covering the bank’s first-quarter results, which was boosted by improved margins on its products. However earnings were lower than hoped due […]
Tags: Anz, Banking, Finance, GFC, Profit